World Poetry Books

Analysis

World Poetry Books is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, World Poetry Books reported income of $1.6m and spending of $362k, leaving 78% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $138k to $1.6m (+1085%), an average of +1085% a year. The sharpest change came in the year to December 2023, when income rose by 1085%. Over the whole period it spent 31% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, World Poetry Books sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Western International Band Clinic ($1.6m), San Jacinto Museum and Battlefield ($1.6m) and New Jersey Council for the Humanities Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 5.2% of the total. Other salaries and wages came to $100k. At year end it held assets of $1.3m against liabilities of $32k, net assets of $1.3m. It reported 2 employees.